Member Info for Quady

Good afternoon rcgl2, sorry yet another conspiracy theory. Nobody is manipulating this share. Just look at the volume, we are not even trading 1% a day. To do that we need 20 million shares a day, to be traded every day. That's why the share price is what it is. Nothing sinister going on here.

Interesting Colonel, by why would Newcrest do this to trigger a bidding war. No one is bidding, and when BHP released on the 15th October, they will not bid either.

Just for you Earthling, so your not confused. I came into I.T in 1984 as an engineer. This was in the days when systems engineers looked after the hardware, and the operating systems on various platforms, and when Engineers looked after the hardware only, and Software engineers looked after the operating systems and Applications. So we had various flavors of system generation disks, and this is how the operating system talked to the hardware. I started as a hardware engineer, and then a systems engineer. Normal career progression. Lots of engineers have taken this route. ( nothing special, just application and hard work, and a lot of fun ). Then in the 1990's we got various flavors of UNIX, it existed in the 1960's, but in the 1990's it became a commercial offering. This was a step change. The reason was we never had system generations any more. The operating system would talk to the hardware, through something called the shell, which was an interface between the operating system and Kernel. All built into the operating system. So you could no longer just have hardware engineers. In order to fix a broken piece of hardware, you couldn't just replace it, as often it wouldn't work. You had to delete the old definitions from a command line and rebuild it, otherwise wouldn't be recognized. So we created support People who could do all this. The I.T Technical Analyst was born. I was lucky to be in the right place at the right time. We went on to become involved in Pre Production in Research and development center's , as when new kit came out, we had to be ready to implement and teach from day 1. We also did Technical Bulletins and prepare courses and lectures, mainly for customers, in pre sales and also educating system administrators. We also had to get involved with Application software, as the kernel had to be changed, in order to get the best out of the Application, and sometimes make it work. This is called Kernel tuning. Then we get Virtual engine technologies, and that means we now have a hypervisor that can configure the hardware, and partition mainframes. So when I say I am an engineer. I really am an engineer. I hope this goes somewhere to clearing up your confusion on the subject. Basically, if you have a question for me, just ask, I won't be offended. But can we quit the snide comments. Many thanks.

Earthling, I was a technical Analyst in I.T, that for your information, that is engineering. My finance experience, is as a part qualified Actuary, but that was in the 1980's. My experience is Mostly engineering. It's the same thing.

That's my point Scoutt, we have had time, every week for the past 8 years, people have been saying takeover imminent. Their are good reasons we haven't had a takeover. They still exist. Franco Nevada is not a ploy, It's exactly as it seems, just waiting for site visit, or other means of verification. The offer for Cornerstone, is anything but a joke. It's a good offer. Which Director resigned, He was told to, by NCM. Don't believe the hype, look at the evidence. I have been correct for 8 years. The people shouting takeover have been wrong for 8 years. Please show me the evidence. I am not blind, I can see perfectly clearly. The evidence supports my view. I believe we need to see some consolidation within the book, before anyone will bid for Solgold. It's too difficult at the moment, just as it's been too difficult in the past. That's why for 8 years, we have not had a bid.

Sorry Scoutt, what discontent, misinformation and muddying of water, are you on about. I haven't seen anything like that. I have seen people on this board, constantly talking about takeovers, but we have no evidence for this.

Must admit I have not looked at the document, however never thought to question NM on this, as my own experience says to be expected, It will all come out in the wash.

Good afternoon addicknt, I was a Technical Analyst in I.T, and had to deliver training on new product, so spent time with Pre production models, and helped in writing technical documents and Training material, to be incorporated into courses for engineering. It takes a lot of time, and is sometimes abandoned, as we may deliver training, after we have ironed out differences, but not reflected in the documentation.

Good luck to you, as well L2anaylst, I really think this will come good, but requires patience, guessing we all have our own exit points.

Let me cover the French translation procedure, I worked for a French company. We had documents translated from French to English and English to French. The problem is someone who does translation, isn't technical, and so they have to be read by technical people in both languages, some discussion takes place, usually in conveying meaning. The numbers are not the problem, but relative understanding, can be misconstrued during translation. Can take a long time, Yes a year is not unusual, sometimes they get abandoned.

Good morning L2analyst, the recent placing of shares was always going to happen, Nothing to do with Alpala. The FN streaming deal was for Alpala, and money can only be used for that. Nobody at this stage of the development will fund the other tenements being proved up. So the recent placing of shares, is to continue the drilling programs on the sites, that we have licenses for. But I know, you know this. He has said many times, no joint ventures, we own Alpala. He has been honest with us in every respect. Yes he has hired Citi, in order to defend not only against low ball offers, but all offers, apart from full, or near to full value. If you accept that he has been honest, we still have 5 years to go. All the best.

Thank you Miagi365, if we go to production, the sky is the limit, just on Alpala alone.

Good morning everyone, I had calculated between 48-60 pence share price after PFS, however with a NPV of 8 billion if correct. I make PFS 20-30% of NPV so 8 billion dollars is roughly 6.4 billion pounds, so 20%= 1.28 billion pounds and 30% gives us 1.92 billion pounds divide by roughly 2.1 billion shares. gives us a range of around 60 pence to 90 pence a share, as market cap. Looks interesting.

Thank you phattrader1, I hope this is correct, as much better than my guess, and better calculated than my estimate.

Good morning Miagi365, 5.5 to 6.0 billion is my guess. I have not put to much thought into this, and used a gold figure of 1800 dollars.

Good morning Mog, I agree with you, about we had to put a stake in the ground and say no more. I also think we got to a certain stage, and decided we need the PFS before 15th October, and this played a part, in deciding not to go for an MRE4, and greater value. I also think it was the right decision. No one saw how Covid was going to play out, and on the whole, not as bad for us, as it could of been, As we had the datasets to start preparing the PFS, and put it into a format, that can be imported into the DFS. All the best

Good morning phattrader, could I see the Math for that please, particularly point 1. Many thanks.

Good morning Mog, yes aware that they are using MRE3, but this was lowered from 0.3 t0 0.2 percent, for MRE1 to MRE2 and we from memory had another calculation for MRE3. All from memory, so someone, please correct me if I have misremembered. To go from inferred to indicated, the figure may be different again, as this has to reach a much higher level of scrutiny, and as such the figures on gold and copper could be different.

Good morning phattrader1, I believe that PFS, will increase NPV, but nowhere near 8 billion. Yes gold has increased. Copper roughly the same. But for me, I want to see how much goes from inferred to indicated, and what figure do they use, for the percentage cutoff. Will it be 0.2% or 0.3%, or indeed another value. Also we may see a reduction in the build costs, and production costs.

Good morning addicknt, yes I also feel BHP, will be involved, but don't see them owning Solgold.